Steaks Finance FAQ

Frequently asked questions

• How can I buy steaks? You can buy them on Uniswap when live, 8pm EST Sept 28 2020

• What is the total supply? The total supply will be capped as determined by the community a few weeks after launch. Other tokenomics are in the Medium article.

• Do all pools receive the same rewards? No, it depends on the trading pair.

• Is there a time lock? There will be one added shortly after launch

• Who is the team behind Steaks Finance? The idea is to make Steaks Finance completely decentralized. The development team that brought you HedgeTrade, Rublix Development, is also behind the fair token launch of Steaks Finance. CEO of HedgeTrade and Rublix is David Waslen: https://sg.linkedin.com/in/david-waslen-a1211235 

OVERVIEW

Liquidity Pool Yield Farming

Yield farm STEAK tokens by staking Liquidity Pool (LP) tokens. Launching at Ethereum block 10954381.

SteakBar Pool

Flagship staking pool that receives rewards in three ways:

1. Yield Farming
2. From SteakSwap Fees
3. Commissions from HedgeTrade Platform

The longer you stake in the SteakBar Pool, the higher your rewards.

SteakSwap Decentralized Exchange 

• Total Transaction Fees: 0.30%
  • LP Rewards: 0.25%
  • SteakBar Pool Rewards 0.05%

Steaks Governance

-STEAK holders govern Steaks Finance.

-STEAK Distribution

-No pre-mine. No pre-sale. No founder or advisor tokens. Development fund only.

• For the first ~20 days, 500 STEAK tokens will be distributed to the pools each block.
• 250 STEAK tokens will be distributed per block thereafter.

Initial Farming Pools

Phase 1: UNI-V2 LP Tokens (Subject to change & based on community voting)

• LINK-ETH, SNX-ETH, LEND-ETH, COMP-ETH, YFI-ETH, UNI-ETH, ETH-AMPL, ETH-HEDG, ETH-USDT, WBTC-ETH

Phase 2: SteakSwap LP Tokens (Subject to change & based on community voting)

• LINK-STEAK, SNX-STEAK, LEND-STEAK, COMP-STEAK, YFI-STEAK, UNI-STEAK, AMPL-STEAK, ETH-STEAK, HEDG-STEAK

Phase 3: Community Driven & Additional HEDG Pools

• HEDG-USDT, HEDG-USDC, HEDG-WBTC

Other models, pools, changes and distributions will be determined by the Steaks Governance system.

HedgeTrade Platform

Predictions marketplace platform where you can earn HEDG tokens for making accurate trading calls. Fees from HedgeTrade will be distributed to SteakBar STEAK stakers.